Next PLC 

Next PLC (LSE: NXT) is an FTSE 100 listed online clothing retailer, which also has around 500 stores in the UK and Eire.

Unscheduled Trading Update (Released on 19 June 2023)

• Improved Sales: The trading in the recent seven months improved materially and better than the guidance which was issued previously in May. The full-price sales for the initial seven weeks of Q2 FY24 were 9.3% higher as compared to pcp where the as the guidance was stated at around -5%. The company has come across the full price sales estimated by close to GBP 93 mn.  
• Favorable Conditions: The favorable weather conditions on the advent of a warmer climate especially after a wet and cold April acted as a tailwind. Further, due to the inflationary pressure the annual salary increased which pushed the spending and consumption capacity of the customers.
• Revised Guidance: The management stated an upward revision of the fup price sales by GBP 137 mn for FY24 from GBP 4.53 bn to GBP 4.67 bn, whereas the full-year profit expectations increased by GBP 40 mn to GBP 835 mn for FY24.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Next PLC (LSE: NXT) was trading at the closing market price at GBX 6,700.00 (as of 20 June 2023).

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 20 June 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.

Disclaimer

References to ‘Kalkine’, ‘we’, ‘our’ and ‘us’ refer to Kalkine Limited.

This website is a service of Kalkine Limited. Kalkine Limited is a private limited company, incorporated in England and Wales with registration number 07903332. Kalkine Limited is authorised and regulated by the Financial Conduct Authority under reference number 579414.

The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. No advice or information, whether oral or written, obtained by you from Kalkine or through or from the service shall create any warranty not expressly stated. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation.

Kalkine does not offer financial advice based upon your personal financial situation or goals, and we shall NOT be held liable for any investment or trading losses you may incur by using the opinions expressed in our publications, market updates, news alerts and corporate profiles. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. Kalkine’s non-personalised advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested.

Kalkine Media Limited, an affiliate of Kalkine Limited, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.